Capital Lease Obligations (Details Narrative) - Systems Trading, Inc. [Member] - Computer Hardware and Software [Member] - USD ($) |
Oct. 25, 2016 |
Nov. 01, 2015 |
Jul. 10, 2015 |
May 01, 2015 |
|---|---|---|---|---|
| Capital lease obligation | $ 7,998 | $ 14,443 | ||
| Interest rates on capitalized leases | 3.00% | 7.22% | ||
| Capital leases contingent monthly rental payments | $ 258 | $ 420 | $ 21,826 | |
| Description on capital lease obligation |
On July 10, 2015 the Company entered into a lease with Systems Trading, Inc. The lease is for $14,443, calls for monthly payments of $420 and expires on August 1, 2018. It carries an interest rate of 3%. |
The company entered into a new lease agreement with Systems Trading, Inc. on May 1, 2015 to refinance all outstanding leases into one capital lease. This lease obligation is payable to Systems Trading, Inc. with monthly installments of $21,826 from June 1, 2015 through May 1, 2018. This lease is secured with the computer equipment and has been capitalized. |
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| Asset Purchase Agreement [Member] | Line of Credit [Member] | ||||
| Capital lease obligation | $ 190,188 | |||
| Interest rates on capitalized leases | 0.00% | |||
| Capital leases contingent monthly rental payments | $ 5,283 | |||
| Description on capital lease obligation |
On October 25, 2016, the company entered into a new lease agreement with Systems Trading, Inc. to refinance Data Storage’s American Express line of credit acquired from the asset purchase agreement. The lease is for $190,188, calls for monthly payments of $ 5,283 and expires on April 1, 2019. It carries an interest rate of 0%. |
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| Asset Purchase Agreement [Member] | ABC2 Lease #074433 [Member] | ||||
| Capital lease obligation | $ 82,800 | |||
| Interest rates on capitalized leases | 0.00% | |||
| Capital leases contingent monthly rental payments | $ 2,300 | |||
| Description on capital lease obligation |
On October 25, 2016, the company entered into a new lease agreement with Systems Trading, Inc. to refinance ABC2’s lease #074433 acquired from the asset purchase agreement. The lease is for $82,800, calls for monthly payments of $2,300 and expires on April 1, 2019. It carries an interest rate of 0%. |
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| Asset Purchase Agreement [Member] | Accounts Payable [Member] | ||||
| Capital lease obligation | $ 247,020 | |||
| Interest rates on capitalized leases | 0.00% | |||
| Capital leases contingent monthly rental payments | $ 10,292 | |||
| Description on capital lease obligation |
On October 25, 2016, the company entered into a new lease agreement with Systems Trading, Inc. to refinance accounts payable acquired from the asset purchase agreement. The lease is for $247,020, calls for monthly payments of $ 10,292 and expires on January 1, 2019. It carries an interest rate of 0%. |